On September 16, 2024, JD.com, Inc. (JD.com) and its wholly-owned subsidiaries, JD Sunflower Investment Limited and Windcreek Limited, filed an amendment to Schedule 13D with the U.S. Securities and Exchange Commission, indicating a significant acquisition of shares in Dada Nexus Limited. The filing revealed that JD.com, through its subsidiaries, now beneficially owns 657,224,518 ordinary shares, representing a 63.2% stake in Dada Nexus Limited. This ownership percentage is based on the total number of ordinary shares issued and outstanding as of June 30, 2024. The transaction involved Windcreek Limited entering into a share purchase agreement with Global Pinnacle Corporation, purchasing 87,481,280 ordinary shares at $0.25 per share and 1,875,000 American Depositary Shares (ADSs) at $1.00 per ADS. The closing of the transactions occurred concurrently with the execution...Show More

On September 16, 2024, JD.com, Inc. (JD.com) and its wholly-owned subsidiaries, JD Sunflower Investment Limited and Windcreek Limited, filed an amendment to Schedule 13D with the U.S. Securities and Exchange Commission, indicating a significant acquisition of shares in Dada Nexus Limited. The filing revealed that JD.com, through its subsidiaries, now beneficially owns 657,224,518 ordinary shares, representing a 63.2% stake in Dada Nexus Limited. This ownership percentage is based on the total number of ordinary shares issued and outstanding as of June 30, 2024. The transaction involved Windcreek Limited entering into a share purchase agreement with Global Pinnacle Corporation, purchasing 87,481,280 ordinary shares at $0.25 per share and 1,875,000 American Depositary Shares (ADSs) at $1.00 per ADS. The closing of the transactions occurred concurrently with the execution of the share purchase agreement. The filing also detailed the corporate structure and control of the shares, with JD.com, Inc. and JD.com Investment Limited being deemed to beneficially own all ordinary shares held by their respective subsidiaries. The filing is a regulatory requirement to disclose changes in beneficial ownership of more than 5% in public companies.